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Chicagoland Smile Group Doubles in Size with Advanced Family Dental Partnership

Business Wire

CHICAGO--(BUSINESS WIRE)-- Chicagoland Smile Group (CSG), Chicago’s premier dental support organization, today announced its affiliation with Advanced Family Dental and Orthodontics, PC (AFD). A portfolio company of Shore Capital Partners, CSG provides practice management support and services to its affiliated offices, enabling dentists and dental specialists to focus on the clinical aspects of dentistry and providing exceptional patient care.

With this affiliation, CSG now offers greater accessibility and comprehensive oral healthcare to even more communities. The addition of Advanced Family Dental’s 14 offices expands Chicagoland Smile Group’s practice network to 28 locations, all accessible within 15 miles of anywhere in the Chicago area. The combined organization features approximately 450 team members, including over 100 dentists and dental specialists.

“The Advanced Family Dental partnership brings even more opportunities for coordinated care and additional patient access and convenience across Chicagoland,” said Roger Murray, CEO of Chicagoland Smile Group. “This affiliation strengthens our platform considerably, placing Chicagoland Smile Group firmly among the market’s preeminent dental groups. We are excited to welcome the many talented and dedicated Advanced Family Dental team members – from the doctors and hygienists, to the operations leaders and support staff – to the CSG family.”

“Our practice was founded nearly 40 years ago, with our flagship office in Crest Hill, and as Advanced Family Dental has grown over the years, we have maintained an unwavering commitment to providing exceptional dental healthcare to the communities we serve. With this focus in mind, we look forward to the additional resources and growth opportunities made possible by our partnership with Chicagoland Smile Group,” said Dr. David Rubis, principal owner of Advanced Family Dental. Dr. Rubis will join the CSG team and will continue to work chairside, along with his son, Dr. Joseph Rubis, who is joining CSG’s clinical leadership team.

Allen Mooney Barnes Brokerage Services (AMB), a healthcare focused investment banking firm served as exclusive financial advisor to AFD on this transaction. The AMB companies provide comprehensive financial advisory services, including investment banking and investment advisory services to a diverse group of clients, including corporations, institutions, individuals and families.

About Chicagoland Smile Group

Chicagoland Smile Group is a dental support organization (DSO) committed to enabling dentists and dental specialists to focus on delivering the absolute best care and to collaborating with other practitioners across the network to better serve patients. With a centrally located support center, operational best practices, access to the latest dental technology, and a best-in-class continuing education program, CSG is dedicated to advancing dental healthcare in the greater Chicago area. For more information and a list of clinic locations, visit www.chicagolandsmilegroup.com. CSG is actively seeking new partnerships with area dental practices across Illinois, Indiana, and Wisconsin. Those interested in affiliation or career opportunities should contact CSG at [email protected].

About Shore Capital

Shore Capital is a Chicago-based private equity firm focused exclusively on microcap healthcare investments. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and generate value to shareholders. Shore targets investments in proven, successful private companies with superior management teams, stable cash flow, and significant growth potential, including organic and growth through industry consolidation. Shore has approximately $600 million of equity capital under management through various investment vehicles. For more information, please visit: www.shorecp.com.

Mutual Of Omaha Introduces Long-Term Care Rider

Health & Medicine Week

United of Omaha, a Mutual of Omaha company, has introduced a new solution to help meet customers' long-term care (LTC) planning needs. The company recently launched a Long-Term Care Rider on its Income Advantage and Life Protection Advantage Indexed Universal Life policies (see also Mutual of Omaha).

Since 1987, traditional long-term care insurance has been - and continues to be - a core product for Mutual of Omaha. The new rider provides another option for customers who wish to help cover the significant risk of incurring long-term care expenses.

By adding the LTC Rider to a new indexed universal life insurance policy, customers are able to help protect a couple of important needs through a single policy. The life insurance helps protect loved ones with a death benefit, while the rider allows policyowners to use all or a portion of the death benefit early for qualified long-term care expenses, based on the coverage amount chosen.

Mutual of Omaha's new rider provides benefits for a wide variety of long-term care options, including nursing homes, assisted living, home health care and adult daycare. Customers have the flexibility to choose their LTC coverage amount and select a monthly payout of 1, 2 or 4 percent of the maximum benefit.

Mutual has offered an Accelerated Death Benefit for Chronic Illness Rider on its universal life policies for more than a decade. There is no upfront cost on that rider - the customer is only charged if he or she ends up needing it.

With the introduction of the LTC Rider, customers now have a choice. The first option is to purchase the LTC Rider at the same time as their IUL policy. If the customer does not purchase the LTC Rider - or does not qualify for it - he or she will automatically receive the Chronic Illness Rider at no charge.

"This choice of a Chronic Illness Rider or an LTC Rider is unique within the life insurance industry," said Joe Kenny, Mutual of Omaha vice president and actuary. "We have many customers and advisors who value our Chronic Illness Rider due to its simple design and lack of upfront cost, but there are some who prefer the known monthly benefit of the LTC Rider. We are now able to let our customers decide how they want to cover this risk."